Red Cat Holdings, Inc. 10-K

ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES Market Information Our common stock is trading on the Nasdaq Capital Market (“Nasdaq”) since April 30, 2021 under the symbol “RCAT The last reported sales price of our common stock on August 9, 2021 was $3.17. Holders As of August 9, 2021, there were 587 stockholders of record of our common stock. Dividends The Company has never paid dividends on its common stock and does not anticipate that it will pay dividends in the foreseeable future. It intends to use any future earnings for the expansion of its business. Any future determination of applicable dividends will be made at the discretion of the board of directors and will depend on the results of operations, financial condition, capital requirements and other factors deemed relevant. Securities Authorized for Issuance Under Equity Compensation Plan The following table provides information regarding our equity compensation plans as of April 30, 2021: Equity Compensation Plan Information Plan category Number of securities to be issued upon exercise of outstanding options, warrants, and vesting of restricted stock Weighted-average exercise price of outstanding options and warrants Number of securities remaining available for future issuance under equity compensation plans Equity compensation plans approved by security holders 3,197,475 (1) $ 1.79 5,552,525 Equity compensation plans not approved by security holders — $ — — ______________ (1) Represents stock options issued under the Company’s 2019 Equity Incentive Plan. Recent Sales of Unregistered Securities Except as set forth below, there were no sales of equity securities during the period covered by this Annual Report that were not registered under the Securities Act and were not previously reported in a Quarterly Report on Form 10-Q or a Current Report on Form 8-K filed by the Company. In May 2019, the Company issued 1,570 shares of common stock, with a fair value of $70,000, to a law firm for services provided to the Company. In August 2019, the Company issued 469,847 shares of common stock upon the exercise of a warrant and received proceeds of $152,239. In April 2019, the Company issued 150,000 shares of common stock with a fair value of $204,000 to a law firm for services provided to the Company. The above issuances did not involve any underwriters, underwriting discounts or commissions, or any public offering and we believe are exempt from the registration requirements of the Securities Act of 1933 by virtue of Section 4(2) thereof. 29 ITEM 6. SELECTED FINANCIAL DATA As a smaller reporting company, we are not required to provide this information.